Reinsurance Group of America Announces Investment in PACT Capital LLC
Reinsurance Group of America (NYSE: RGA) has announced a strategic investment in PACT Capital , an independent investment firm specializing in middle market alternative asset managers. Through a wholly-owned subsidiary, RGA has made both an investment and an anchor commitment to PACT.
PACT's focus will be on partnering with established and emerging private capital firms to support their strategic growth objectives. Leslie Barbi, RGA's Executive Vice President and Chief Investment Officer, emphasized that this investment aligns with RGA's strategy to enhance investment capabilities through specialized asset class exposure.
Christian von Schimmelmann, PACT's Managing Partner and Co-Founder, stated that RGA's partnership validates their investment approach and positions them as a preferred capital solutions provider. Goodwin Procter LLP served as legal advisor to RGA. The financial terms of the transaction were not disclosed.
Reinsurance Group of America (NYSE: RGA) ha annunciato un investimento strategico in PACT Capital, una società di investimento indipendente specializzata nella gestione di asset alternativi nel mercato intermedio. Attraverso una controllata interamente posseduta, RGA ha effettuato sia un investimento che un'impegno ancorato verso PACT.
PACT si concentrerà sulla collaborazione con aziende di capitale privato consolidate ed emergenti per supportare i loro obiettivi di crescita strategica. Leslie Barbi, Vice Presidente Esecutivo e Chief Investment Officer di RGA, ha sottolineato che questo investimento è in linea con la strategia di RGA di migliorare le capacità di investimento attraverso un'esposizione a classi di asset specializzate.
Christian von Schimmelmann, Partner Manager e Co-Fondatore di PACT, ha dichiarato che la partnership con RGA convalida il loro approccio agli investimenti e li posiziona come un fornitore preferito di soluzioni di capitale. Goodwin Procter LLP ha servito come consulente legale per RGA. Le condizioni finanziarie della transazione non sono state divulgate.
Reinsurance Group of America (NYSE: RGA) ha anunciado una inversión estratégica en PACT Capital, una firma de inversión independiente especializada en gestores de activos alternativos del mercado medio. A través de una filial totalmente propiedad de RGA, se ha realizado tanto una inversión como un compromiso ancla hacia PACT.
El enfoque de PACT será asociarse con firmas de capital privado establecidas y emergentes para apoyar sus objetivos de crecimiento estratégico. Leslie Barbi, Vicepresidenta Ejecutiva y Directora de Inversión de RGA, enfatizó que esta inversión está alineada con la estrategia de RGA para mejorar las capacidades de inversión a través de la exposición a clases de activos especializadas.
Christian von Schimmelmann, Socio Director y Cofundador de PACT, afirmó que la asociación con RGA valida su enfoque de inversión y los posiciona como un proveedor preferido de soluciones de capital. Goodwin Procter LLP actuó como asesor legal de RGA. Los términos financieros de la transacción no fueron divulgados.
Reinsurance Group of America (NYSE: RGA)는 중형 시장 대체 자산 관리자에 특화된 독립 투자 회사인 PACT Capital에 전략적 투자를 발표했습니다. RGA는 전액 출자한 자회사를 통해 PACT에 대한 투자와 주요 약정을 모두 체결했습니다.
PACT는 수립된 및 신생 사모펀드 회사와의 파트너십을 통해 전략적 성장 목표를 지원하는 데 중점을 둘 것입니다. RGA의 부회장 겸 최고 투자 책임자인 Leslie Barbi는 이 투자가 전문 자산 클래스 노출을 통해 투자 능력을 강화하려는 RGA의 전략에 부합한다고 강조했습니다.
PACT의 관리 파트너이자 공동 창립자인 Christian von Schimmelmann은 RGA와의 파트너십이 그들의 투자 접근 방식을 검증하고 그들을 선호되는 자본 솔루션 제공업체로 자리매김하게 한다고述했습니다. Goodwin Procter LLP는 RGA의 법률 고문으로 활동했습니다. 거래의 재무 조건은 공개되지 않았습니다.
Reinsurance Group of America (NYSE: RGA) a annoncé un investissement stratégique dans PACT Capital, une société d'investissement indépendante spécialisée dans la gestion d'actifs alternatifs sur le marché intermédiaire. Par l'intermédiaire d'une filiale entièrement détenue, RGA a réalisé à la fois un investissement et un engagement ancré envers PACT.
PACT se concentrera sur le partenariat avec des entreprises de capital-investissement établies et émergentes pour soutenir leurs objectifs de croissance stratégique. Leslie Barbi, Vice-Présidente Exécutive et Directrice des Investissements chez RGA, a souligné que cet investissement s'inscrit dans la stratégie de RGA visant à améliorer les capacités d'investissement grâce à une exposition à des classes d'actifs spécialisées.
Christian von Schimmelmann, Associé Gestionnaire et Co-fondateur de PACT, a déclaré que le partenariat avec RGA valide leur approche d'investissement et les positionne comme un fournisseur préféré de solutions de capital. Goodwin Procter LLP a servi de conseiller juridique à RGA. Les conditions financières de la transaction n'ont pas été divulguées.
Reinsurance Group of America (NYSE: RGA) hat eine strategische Investition in PACT Capital, eine unabhängige Investmentgesellschaft, die sich auf die Verwaltung alternativer Vermögenswerte im mittleren Markt spezialisiert hat, bekannt gegeben. Über eine hundertprozentige Tochtergesellschaft hat RGA sowohl eine Investition als auch ein Hauptengagement in PACT getätigt.
PACT wird sich darauf konzentrieren, mit etablierten und aufstrebenden Private-Equity-Firmen zusammenzuarbeiten, um deren strategische Wachstumsziele zu unterstützen. Leslie Barbi, Executive Vice President und Chief Investment Officer von RGA, betonte, dass diese Investition mit RGAs Strategie übereinstimmt, die Investitionsfähigkeiten durch spezialisierte Vermögensklassenausstellungen zu verbessern.
Christian von Schimmelmann, Managing Partner und Mitgründer von PACT, erklärte, dass die Partnerschaft mit RGA ihren Investitionsansatz validiert und sie als bevorzugten Anbieter von Kapitallösungen positioniert. Goodwin Procter LLP fungierte als Rechtsberater für RGA. Die finanziellen Einzelheiten der Transaktion wurden nicht bekannt gegeben.
- Strategic expansion into specialized asset management sector
- Anchor commitment provides new revenue stream potential
- Access to middle market alternative asset management opportunities
- None.
Insights
This strategic investment by RGA into PACT Capital represents a calculated move to diversify and strengthen RGA's investment portfolio in the alternative assets space. The partnership gives RGA direct access to middle-market private capital opportunities through PACT's specialized platform, potentially enabling higher yields compared to traditional investments.
The deal structure, combining both an equity investment and an anchor commitment, suggests a deep strategic alignment. Think of it as buying both a stake in a successful fishing company (the investment) while also securing priority access to their best catches (the anchor commitment). This dual approach maximizes RGA's potential returns while providing PACT with both capital and credibility to attract other institutional investors.
For RGA's shareholders, this move indicates a sophisticated portfolio expansion strategy targeting higher-yield opportunities in the middle market segment, which often offers better risk-adjusted returns due to less competition compared to large-cap markets. The partnership should enhance RGA's investment capabilities without significantly altering its risk profile, as it's likely a measured allocation within their broader portfolio strategy.
The strategic significance of this deal lies in its timing and market positioning. Middle-market alternative asset management is experiencing substantial growth, driven by institutional investors seeking yield in a competitive market. PACT's focus on this segment, backed by RGA's capital and reputation, creates a powerful value proposition.
The undisclosed terms suggest a structured deal that likely includes performance-based elements and governance rights, typical in strategic investments in asset managers. For RGA, this represents a smart way to participate in private markets fee economics while maintaining exposure to underlying investment opportunities. Think of it as having both a seat at the table and a share of the restaurant's profits.
This partnership model follows a growing trend where large institutional investors are taking strategic stakes in alternative asset managers rather than simply being partners. The approach allows RGA to benefit from both investment returns and the economics of asset management, potentially creating multiple revenue streams from a single strategic relationship.
“Our strategic investment in PACT demonstrates our commitment to forging collaborative relationships that drive shared value for all stakeholders. This partnership provides us with valuable exposure to a specialized asset class and exemplifies the type of opportunities and relationships RGA is actively pursuing to enhance our investment capabilities,” said Leslie Barbi, Executive Vice President and Chief Investment Officer, RGA. “RGA will continue to grow our strategic investment portfolio focused on asset management partners with unique sourcing and underwriting capabilities that complement RGA’s global investment platform.”
“I believe our partnership with RGA, a recognized global reinsurance leader, both validates PACT’s differentiated investment approach and strategically positions us as a preferred capital solutions provider for middle market companies,” said Christian von Schimmelmann, Managing Partner and Co-Founder, PACT. “With RGA’s support, we will be able to accelerate our development and strengthen our market position. We look forward to a productive long-term partnership.”
Goodwin Procter LLP served as legal advisor to RGA. Additional terms of the transaction are not being disclosed.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately
About PACT Capital
PACT Capital is an independent investment firm focused on providing capital and strategic support to middle-market alternative asset management firms. PACT seeks to partner with high-performing established and emerging private capital firms and help them to achieve their strategic objectives. Headquartered in
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Lynn Phillips
Vice President, Corporate Communications
636-736-2351
lphillips@rgare.com
Lizzie Curry
Executive Director, Public Relations
636-736-8521
lizzie.curry@rgare.com
Jeff Hopson
Senior Vice President, Investor Relations
636-736-2068
jhopson@rgare.com
Mike Geller (on behalf of PACT Capital)
Partner, Prosek Partners
646-818-9018
mgeller@prosek.com
Source: Reinsurance Group of America, Incorporated
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